Telsey Advisory Group Reaffirms Market Perform Rating for Signet Jewelers (NYSE:SIG)

Key Points

• Telsey Advisory Group has reiterated a "market perform" rating for Signet Jewelers with a price target of $92.00, indicating a potential upside of 7.98% from its previous close.
• The stock is currently rated with a consensus of "Moderate Buy", with multiple analysts adjusting their price targets, including Citigroup raising theirs to $100.00.
• Signet Jewelers reported earnings of $1.18 EPS this quarter, exceeding estimates, and expects to post $8.73 EPS for the current year.

Signet Jewelers (NYSE:SIG - Get Free Report)'s stock had its "market perform" rating reiterated by analysts at Telsey Advisory Group in a note issued to investors on Tuesday,Benzinga reports. They presently have a $92.00 price target on the stock. Telsey Advisory Group's price target would suggest a potential upside of 5.04% from the stock's previous close.

SIG has been the topic of several other research reports. Wells Fargo & Company boosted their price target on shares of Signet Jewelers from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Wednesday, June 4th. Wall Street Zen cut shares of Signet Jewelers from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Bank of America boosted their price objective on shares of Signet Jewelers from $65.00 to $78.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Citigroup boosted their price objective on shares of Signet Jewelers from $85.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Finally, Jefferies Financial Group started coverage on shares of Signet Jewelers in a research report on Monday, June 16th. They set a "buy" rating and a $102.00 price objective on the stock. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $88.86.

Signet Jewelers Price Performance

Shares of SIG stock traded down $2.27 during mid-day trading on Tuesday, hitting $87.59. The company had a trading volume of 1,766,730 shares, compared to its average volume of 894,804. The stock's 50 day moving average price is $81.67 and its 200-day moving average price is $67.93. Signet Jewelers has a 52-week low of $45.55 and a 52-week high of $106.28. The company has a market capitalization of $3.60 billion, a P/E ratio of 95.20, a P/E/G ratio of 0.79 and a beta of 1.40.

Signet Jewelers (NYSE:SIG - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.17. Signet Jewelers had a net margin of 0.63% and a return on equity of 22.41%. The company had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.52 billion. During the same quarter in the previous year, the business posted $1.11 earnings per share. Signet Jewelers's quarterly revenue was up 2.0% on a year-over-year basis. Signet Jewelers has set its FY 2026 guidance at 7.700-9.380 EPS. Q2 2026 guidance at EPS. On average, equities research analysts expect that Signet Jewelers will post 8.73 earnings per share for the current year.

Institutional Trading of Signet Jewelers

A number of hedge funds have recently added to or reduced their stakes in SIG. US Bancorp DE grew its position in Signet Jewelers by 0.4% in the 2nd quarter. US Bancorp DE now owns 30,302 shares of the company's stock valued at $2,411,000 after acquiring an additional 121 shares in the last quarter. Yousif Capital Management LLC grew its position in Signet Jewelers by 0.8% in the 2nd quarter. Yousif Capital Management LLC now owns 17,220 shares of the company's stock valued at $1,370,000 after acquiring an additional 133 shares in the last quarter. Quadrant Capital Group LLC grew its position in Signet Jewelers by 1.9% in the 2nd quarter. Quadrant Capital Group LLC now owns 8,696 shares of the company's stock valued at $692,000 after acquiring an additional 162 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of Signet Jewelers by 40.5% in the 1st quarter. Versant Capital Management Inc now owns 773 shares of the company's stock valued at $45,000 after buying an additional 223 shares during the period. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Signet Jewelers by 2.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 11,008 shares of the company's stock valued at $876,000 after buying an additional 224 shares during the period.

About Signet Jewelers

Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Outlet, Zales Jewelers, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through its digital banners, James Allen and Blue Nile.